China National Development and Reform Commission: China has become the world's largest online retail market in the first three quarters 2017, net sales of 3.7 trillion CNY.

On the morning of November 15 2017, the China National Development and Reform Commission held a press conference on the macroeconomic performance. At the meeting, Meng Wei, deputy director of the National Development and Reform Commission and a spokesman for Commission, said that at present “our country has become the world's largest online retail market. In the first three quarters of this year, online retail sales of physical goods amounted to 3.7 trillion CNY, an increase of 29.1%, 18.7 percentage points faster than the total retail sales of social consumer goods. Online retail sales of physical goods accounted for 14% of total retail sales of social consumer goods, an increase of 2.3 percentage points.”

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